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FirstEnergy Corp. - $FE STOCK NEWS

Welcome to our dedicated page for FirstEnergy news (Ticker: $FE), a resource for investors and traders seeking the latest updates and insights on FirstEnergy stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FirstEnergy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FirstEnergy's position in the market.

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Ohio Edison, a subsidiary of FirstEnergy Corp., has initiated a $26 million tree-trimming program aimed at enhancing electric service reliability across northeast and northcentral Ohio. This initiative seeks to prevent power outages caused by trees, especially during severe spring and summer storms. Since the start of the year, contractors have trimmed trees along 600 miles of power lines, with an additional 4,200 miles planned for completion by year-end. The program includes vegetation inspections and tree removals to maintain safe clearances. This annual effort involves certified forestry experts and uses advanced techniques like aerial saws for hard-to-access areas. The initiative spans several Ohio counties and aims to serve over 1 million customers more reliably.

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Toledo Edison, a FirstEnergy Corp. subsidiary, is investing $7 million in tree trimming and vegetation management across northwest Ohio to enhance electric service reliability and prevent power outages during severe weather. The initiative includes trimming along 1,850 miles of power lines by year-end, following 100 miles already completed. The work spans multiple counties including Defiance, Fulton, Henry, Lucas, and Sandusky. Helicopters with aerial saws are used for hard-to-access areas. This project is part of an ongoing annual effort to maintain power systems and involves collaboration with municipalities and certified forestry experts.

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The Illuminating Company, a FirstEnergy subsidiary, is investing $19.7 million in tree trimming and vegetation management across northeast Ohio. This initiative aims to enhance electric service reliability and prevent outages during severe weather. So far, 100 miles of power lines have been serviced, with a goal of 1,750 miles by year-end. This annual activity, featuring ground and aerial trimming, is important for maintaining clearances around power lines. The company serves over 750,000 customers in various counties, ensuring safety and reliability in electric service.

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FirstEnergy Corp.'s subsidiary Potomac Edison is investing $14.7 million in tree trimming and vegetation management in Maryland.

The initiative aims to enhance power service reliability by preventing tree-related outages during severe weather. Since the beginning of the year, contractors have trimmed trees along 300 miles of power lines, with a goal to cover an additional 1,800 miles by year-end.

This program involves notifying municipalities and residents before work begins. Potomac Edison serves about 285,000 customers in Maryland.

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FirstEnergy's Toledo Edison has initiated a $342,000 project to install 1,650 LED streetlights in Sylvania, Ohio. The new LEDs are expected to save the city almost $77,000 in annual electricity costs, being 50% more efficient than previous lights and lasting up to 20 years compared to 3-5 years for the old lights. The return on investment is estimated at 4.5 years. Improved visibility and reduced crime rates have been observed in areas with similar installations. The project aims to enhance security and cost-efficiency for Sylvania residents and businesses.

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FirstEnergy Corp. (NYSE: FE) is using helicopters equipped with infrared technology to conduct aerial inspections of transmission lines to ensure they remain clear of trees and vegetation. The inspections cover nearly 7,000 miles of lines in multiple states and help prevent power outages. The company's commitment to safety, reliability, and operational excellence is showcased through this proactive approach.

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American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has started construction to upgrade a 138-kilovolt substation in Lucas County's Springfield Township and reconfigure connecting high-voltage power lines. The project will benefit nearly 23,000 Toledo Edison customers by enhancing reliability, reducing power outages, and allowing for easier maintenance. The $24 million project is part of the Energize365 program, aimed at creating a smarter, more secure grid to meet future energy needs.

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Mon Power, a subsidiary of FirstEnergy Corp., has been chosen by the U.S. Department of Energy to receive up to $5 million in federal funding for a project aimed at enhancing electric reliability for over 3,000 customers in rural West Virginia. The project includes rebuilding power lines and connecting a tie line with a substation, benefiting customers by providing backup power during outages.

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FirstEnergy Corp. (NYSE: FE) is donating nearly 500 trees to Mahoning Valley locations on Arbor Day, with employee volunteers planting at Mill Creek MetroParks and Beaver Township Nature Preserve. This initiative aligns with the company's commitment to sustainability, aiming to reduce its carbon footprint and promote responsible use of natural resources.

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FirstEnergy Corp. reports strong first quarter 2024 financial results with GAAP earnings of $0.44 per share and operating earnings of $0.55 per share. The company affirms a 6-8% long-term annual operating earnings growth target and increases total equity by 25% with a $3.5 billion transaction. Despite challenges like a mild winter, the company shows solid performance and receives upgrades to investment grade ratings.
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FirstEnergy Corp.

NYSE:FE

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90.43%
2.02%
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About FE

we are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger. firstenergy is dedicated to safety, reliability and operational excellence. headquartered in akron, ohio, firstenergy’s 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in ohio, pennsylvania, new jersey, west virginia, maryland and new york. the company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the midwest and mid-atlantic regions. join the firstenergy careers facebook community at www.facebook.com/firstenergycareers, where we share career tips, job postings, photos from career fairs and community events, and more.